Act Number: 63

Act Name: The State Financial Corporations Act, 1951

Year: 1951

Enactment Date: 1951-10-31

Long Title: An Act to provide for the establishment of State Financial Corporations.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 43A: Delegation of powers.
    1[43A. Delegation of powers.--The Board may, by general or special order, delegate to the managing director or to any other officer of the Financial Corporation 2[or to any committee appointed under section 21] subject to such conditions and limitations, if any, as may be specified in the order such of its powers and duties under this Act as it may deem necessary.]
Notes:
1. Ins. by s. 23, ibid. (w.e.f. 16-4-1962).
2. Ins. by Act 43 of 1985, s. 27 (w.e.f. 21-8-1985).
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